U.S. officials say global oil market ready for end to Iran crude exports


  • World
  • Thursday, 25 Apr 2019

FILE PHOTO: Brian Hook, U.S. special representative for Iran, in Washington, U.S., November 29, 2018. REUTERS/Al Drago/File Photo

SINGAPORE (Reuters) - U.S. attempts to drive Iranian oil exports down to zero come against the backdrop of a global market that is sufficiently well supplied to avoid price disruptions, senior U.S. officials said on Thursday.

"There's roughly a million barrels per day (bpd) of Iranian crude (exports) left, and there is plenty of supply in the market to ease that transition and maintain stable prices," said Brian Hook, U.S. Special Representative for Iran and Senior Policy Advisor to the Secretary of State, speaking in a call with reporters.

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